China Universal Asset Management Co. Ltd. lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 21.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,304 shares of the semiconductor manufacturer’s stock after buying an additional 17,834 shares during the quarter. Advanced Micro Devices comprises 3.2% of China Universal Asset Management Co. Ltd.’s holdings, making the stock its 7th biggest position. China Universal Asset Management Co. Ltd.’s holdings in Advanced Micro Devices were worth $60,990,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. DecisionPoint Financial LLC raised its stake in Advanced Micro Devices by 79.2% in the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 19 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Advanced Micro Devices during the 3rd quarter worth approximately $29,000. JNBA Financial Advisors grew its position in shares of Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Graney & King LLC bought a new position in shares of Advanced Micro Devices during the first quarter worth approximately $31,000. Finally, Main Street Group LTD bought a new position in shares of Advanced Micro Devices during the first quarter worth approximately $33,000. Institutional investors own 71.34% of the company’s stock.
Analyst Upgrades and Downgrades
AMD has been the subject of a number of analyst reports. Raymond James Financial upgraded shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $565.00 to $641.00 in a research report on Tuesday, August 25th. Morgan Stanley increased their price target on Advanced Micro Devices from $410.00 to $465.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. DA Davidson raised their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Wedbush reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, October 20th. Finally, William Blair reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $607.57.
Check Out Our Latest Analysis on Advanced Micro Devices
Insiders Place Their Bets
In other Advanced Micro Devices news, EVP Jean X. Hu sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares of the company’s stock, valued at $76,316,924.32. The trade was a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the transaction, the executive vice president owned 353,317 shares of the company’s stock, valued at approximately $191,038,501.90. This trade represents a 4.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 231,100 shares of company stock worth $114,867,400 over the last quarter. 0.50% of the stock is currently owned by corporate insiders.
Advanced Micro Devices News Roundup
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: AMD expanded its partnership with Meta Platforms, including a planned $1 billion investment in Meta and multi-generation co-design of Instinct GPUs, EPYC processors and Helios rack-scale systems. The agreement covers Meta’s gigawatt-scale AI infrastructure and could support significant future chip demand. AMD Meta partnership article
- Positive Sentiment: Meta’s deployment of AMD hardware for AI models, along with reported agreements involving OpenAI and Anthropic, reinforces AMD’s position as a major alternative to Nvidia in the data-center accelerator market. AMD AI partnership article
- Positive Sentiment: Analysts expect AMD’s upcoming third-quarter results and outlook to benefit from continued demand for EPYC server CPUs and Instinct AI accelerators. Susquehanna also raised its price target to $650 and maintained a positive rating. AMD earnings preview
- Neutral Sentiment: AMD is scheduled to report earnings on November 3. After a powerful year-to-date rally, investors will likely focus less on a quarterly beat and more on 2027 data-center revenue expectations, supply availability, margins and forward guidance. AMD valuation and earnings article
- Negative Sentiment: Jefferies warned that AMD’s demanding valuation and potential supply constraints could limit near-term upside, even if the company beats estimates and raises guidance. Taiwan Semiconductor’s higher wafer and advanced-packaging prices also create a potential margin risk for AMD. Jefferies AMD outlook
- Negative Sentiment: Semiconductor stocks came under pressure after Alphabet’s results highlighted the enormous expense of AI infrastructure, while lighter-than-expected spending signals from major technology companies raised concerns about the sustainability and returns of the AI investment cycle. AI infrastructure market reaction
- Negative Sentiment: AMD’s valuation leaves little room for disappointment after its substantial rally, and ARK Invest’s continued reduction of its AMD position adds a modest negative sentiment signal.
Advanced Micro Devices Price Performance
Advanced Micro Devices stock opened at $566.42 on Friday. The stock has a 50-day moving average price of $547.58 and a two-hundred day moving average price of $407.71. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The company has a market capitalization of $924.67 billion, a PE ratio of 145.61, a P/E/G ratio of 5.94 and a beta of 2.45. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The company had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. During the same period in the previous year, the business posted $0.48 earnings per share. The business’s quarterly revenue was up 50.1% compared to the same quarter last year. Analysts expect that Advanced Micro Devices, Inc. will post 6.50 EPS for the current year.
Advanced Micro Devices Profile
Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.
AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.
Featured Articles
- Five stocks we like better than Advanced Micro Devices
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report).
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.
